Number 1 Retail Life Insurer
aiicontact@aiicoplc.com 0201 279 2930 0700 AIIContact (0700 2442 6682 28)

Education Legacy Assurance

About Education Legacy Assurance...

Every parent's desire is to ensure that their children get quality education, empowering them to pursue a fulfilling life in the future. AIICO's education policies have been designed to help achieve these goals without disruption from unforeseen circumstances.

Education Legacy Assurance Plan is a savings plan targeted towards financing the future education of a named child in the event of death or permanent disability of parent/guardian. It is an instrument by which sufficient fund is accumulated for the child’s education expenses.


Why Education Legacy Assurance Plan (ELAP)?

Protect children from prematurely stopping their schooling arising from:

  • Death of parent/ sponsor.
  • Loss of employment resulting from redundancy of the parent/sponsor.
  • Total Permanent Disability of parent/sponsor resulting from accident or critical illness of parent/sponsor.


  • Period of policy can range from minimum of 8 years and maximum of 18 years.
  • Maximum age at entry of parent/ sponsor 57 and at exit 65.

Optional Withdrawal benefits

  • Cash Withdrawal – 20% from investment account balance in the 5th year and every 5year subject to a limit of 3 withdrawals.

Surrender Benefits

  • Less than 1yr – full premium paid less insurance cost and no interest.
  • 1 but less than 2 – full premium paid less insurance cost + 30% accrued interest.
  • 2 but less than 3 – full premium paid less insurance cost + 60% accrued interest.
  • 3 years and over – full account balance.

Premium Frequency

  • Monthly
  • Quarterly
  • Half-yearly
  • Yearly

Would you like to purchase this plan?

Speak to an AIICO Staff or Agent today. You may also reach us via email on aiicontact@aiicoplc.com.

We use cookies

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.